Inflation rate in Denmark 2029

In 2022, the inflation rate in Denmark amounted to 8.53 percent compared to the previous year. Forecasts see it rising to around two percent, the rate of inflation considered stable by economists.

Denmark’s economy in short

Denmark is a market economy with a consistent trade surplus, with most of its workforce employed in the services sector. It relies on foreign trade and exports mostly chemicals, agricultural products, and machinery. Denmark is not part of the euro area and thus has kept its currency, the Danish krone. Nevertheless, it was hit by the recession of 2008 and 2009, but has recovered quite well.

Everything’s stable in the state of Denmark

Despite a slump during the economic crisis around 2008 and 2009, Denmark’s economy is considered to be thriving. Key economic indicators all point to a bright future: Unemployment has been decreasing for the last few years, GDP growth has been steady, and additionally, Denmark scored quite high on the Human Development Index (HDI) – a sure sign that economy and living conditions in the country are stable.